Jefferies analyst Randal Konik said recent web visit and search interest trends suggest a potential slowdown could be ahead in Lululemon’s business. Web visits grew about 33% year-over-year, though declined by about 22% month-over-month in February, which marks the third consecutive month in which growth has decelerated, said the firm, which adds that search interest for "belt bag" continues to wane. The firm reiterates its Underperform rating and $200 price target on Lululemon shares.
Published first on TheFly
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